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Net Income per Common and Common Equivalent Share
3 Months Ended
Nov. 24, 2024
Earnings Per Share [Abstract]  
Net Income Per Common and Common Equivalent Share
Note 7—Net Income per Common and Common Equivalent Share
The following table shows the amounts used in computing net income per share and the weighted average number of shares of basic and of potentially dilutive common shares outstanding (shares in 000s):
12 Weeks Ended
November 24,
2024
November 26,
2023
Net income
$1,798 $1,589 
Weighted average basic shares
443,988 443,827 
RSUs903 576 
Weighted average diluted shares
444,891 444,403 
Basic earnings per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is calculated based on the dilutive effect of RSUs using the treasury stock method.